Sector News

B&G Foods names new CFO

November 8, 2017
Consumer Packaged Goods

Bruce C. Wacha has been named executive vice-president of finance and chief financial officer of B&G Foods, Inc., effective Nov. 27. Mr. Wacha is currently executive vice-president of corporate strategy and business development for the company.

In his new role, Mr. Wacha will oversee B&G Foods’ finance organization and maintain responsibility for all financial and accounting matters, the company said. Additionally, he will continue to oversee B&G’s corporate strategy and business development, including mergers and acquisitions, capital markets transactions and investor relations.

Mr. Wacha joined B&G Foods from Amira Nature Foods Ltd. in August. At Amira, he spent three years as the c.f.o. and executive director of the board of directors. Before that, he spent more than 15 years in the financial services industry at Deutsche Bank Securities, Merrill Lynch and Prudential Securities advising corporate clients across the food, beverage and consumer products landscape.

“Since joining our executive team in August, Bruce has demonstrated excellent leadership skills, financial expertise and an excellent work ethic,” said Robert C. Cantwell, president and chief executive officer of B&G Foods. “I’m delighted to announce Bruce’s appointment to c.f.o. Bruce is an experienced and talented executive, and after working with Bruce the past few months I am confident that he is the right person to lead our finance organization and help us achieve our growth objectives.”

Current interim c.f.o. Amy Chiovari will continue in her role as corporate controller and assist with Mr. Wacha’s transition to c.f.o., the company said. Ms. Chiovari took over as c.f.o. in March after Thomas P. Crimmins resigned from the role after two years with B&G Foods.

By Rebekah Schouten

Source: Food Business News

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